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�_ , <br />DEED OF TRUST <br />ccontinu�d) 2 0:12 0 018 � Page 2 <br />SubstanCe on, under, about or from the Properry; end (b) eny such activity shall be conducted in compliance with <br />all applicable federal, state, and local lawa, regulationa and ordinances, including w(thout limitation all <br />Environmentel Lews. Trustor authorizes Lender and its agents to enter upon the Property to make such <br />° inspections and tests, et Trustor's expense, as Lender may deem appropr(ate to determine compliance of the <br />_ Property with this seCtion of the Deed of Truat. Any inspections or tests made by Lender shall be for Lender's <br />purposes only and shatl not be construed to create eny responsibility or liability on the part of Lender to Trustor or <br />�` to any other person. The representations and warranties contained herein are based on Trustor's due diligence in <br />-! investigating the Property for Hezardous Substances. Trustor hereby 11 i releases and waives any future claims <br />, against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under <br />any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all claims, losses, <br />liebilities, damages, penaltles, and expenses which Lender may directly or indirectly sustein or suffer resulting from <br />a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, <br />disposal, release or threatened release occurring prior to Trustor's ownership or interest in the Properry, whether or <br />not the seme was or should have been known to Trustor. The provisions of this section of the Deed of Trust, <br />including the obllgation to indemnify and defend, shell survive the peyment of the Indebtedness and the setisfaction <br />and reconveyance of the lien of this Deed of Trust and shall not be affected by Lender's acquisition of any interest <br />in the Property, whether by foreclosure or otherwise. <br />Nuisance, Waste. Trustor shall not ceuse, conduct or permit any nuisance nor commit, permit, or suffer eny <br />stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the <br />foregoing, Trustor will not remove, or grant to any other party the right to remove, any timber, minerals (including <br />oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent. <br />Removat of Improvemems. Trustor shall not demolish or remove any Improvements from the Real Property without <br />Lender's prior written consent. As a condition to the removel of eny Improvements, Lender may require Trustor to <br />make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least equal <br />value. <br />Lender's Right to Enter. Lender end Lender's agents and representatives may enter upon the Real Property at all <br />reasonable times to attend to Lender's interests and to inspect the Real Property for purposes of Trustor's <br />compliance with the terms and conditions of this Deed of Trust. <br />Compliance whh Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and <br />regulations, now or hereafter in effect, of ell governmental authorities applicable to the use or occupancy of the <br />Property, including without limitetion, the Americens With Disabilities Act. Trustor may contest in good faith any <br />such law, ordinance, or regulation and withhold compliance durfng any proceeding, including appropriate appeals, <br />so long as Trustor hes notified Lender in writing prior to doing so and so long as, in Lender's sole opinion, Lender's <br />interests in the Property are not jeoperdized. Lender may require Trustor to post adequate security or a surety <br />bond, reasonably setisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor shall do all other <br />acts, in addition to those acts set forth ebove in this section, which from the character and use of the Property are <br />reasonably necessary to protect and preserve the Property. <br />DUE ON SALE - CONSENT BY LENDER. Lender mey, at Lender's option, declare immediately due and payable all sums <br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the <br />Real Properry, or any interest ln the Real Property. A"sale or transfer" means the conveyance of Real Property or any <br />right, title or interest in the Real Property; whether legal, beneflcial or equitable; whether voluntary or involuntary; <br />whether by outright sale, deed, installment sale contract, lend contract, contract for deed, leasehold interest with a <br />term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in <br />or to any land trust holding titte to the Real Property, or by any other method of conveyance of an interest in the Real <br />Properry. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by <br />Nebraska law. <br />TAXES AND LIENS. The following provisions relating to the taxes end liens on the Property are part of this Deed of <br />Trust: <br />Payment. Trustor shall pey when due (and in all events prior to delinquency) all taxes, special taxes, assessments, <br />charges (including water and sewer), fines and impositions levied against or on account of the Property, and shall <br />pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor <br />shall maintain the Property free of atl liens having priority over or equai to the interest of Lender under this Deed of <br />Trust, except for the Ifen of taxes and assessments not due and except as otherwise provided in this Deed of <br />Trust. <br />Right to Corrtest. Trustor may withhold peyment of any tax, assessment, or claim in connection with e good faith <br />dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or <br />is fited as a result of nonpayment, Trustor shall within fifteen (15) days after the lien erises or, if a lien is filed, <br />within fifteen (15) days after Trustor has notice of the filing, secure the discharge of the lien, or if requested by <br />Lender, deposit with Lender cash or a sufftcient corporete surety bond or other security satisfactory to Lender in an <br />amount sufficient to discharge the lien plus any costs and attorneys' fees, or other charges that could eccrue as a <br />result of a foreclosure or sele under the lien. In any contest, Trustor shell defend itself and Lender and shall satisfy <br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee <br />under any surety bond furnished in the coMest proceedings. <br />Evldence of Payment. Trustor shall upon demand furnish to Lender setisfactory evidence of payment of the taxes <br />or assessments and shell authorize the appropriate governmental official ta deliver to Lender at any time a written <br />statemeni of the taxes and assessments egainst the Property. <br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any <br />services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or <br />other lien could be asserted on account of the work, services, or materials. Trustor will upon request of Lender <br />furnish to Lender advance assurances setisfactory to Lender that Trustor can and will pay the cost of such <br />improvements. <br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of <br />Trust. <br />Maintenance of Insurance. Trustor shell procure and meintain policies of fire insurance with standard extended <br />coverage endorsements on a fair value basis for the full insureble value covering all Improvements on the Real <br />Property in an amount sufficfent to avoid applicetion of any coinsurence clause, and with a standard mortgegee <br />clause in favor of Lender. Trustor shall elso procure and maintain comprehensive general liability insurance in such <br />coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such <br />liability insurance policies. Additionally, Trustor shall maintain such other insurance, including but not limited to <br />hazard, business interruption, and boiler insurence, as Lender may reasonably require. Policies shall be written in <br />form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies <br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the <br />policies or certificates of insurance in form satisfactory to Lender, including stipulations thet coverages will not be <br />